Mixed Use - Commercial Property
26A Snow Hill, Wolverhampton, West Midlands, WV2 4AD
Guide Price (plus fees)
A Substantial Freehold Mixed-Use Investment Opportunity Comprising 2 x Ground Floor Commercial Units and 4 x Self-Contained Six Bedroom Flats Providing a total of 12 En-Suite and 12 Double HMO Rooms. Current Combined Rent is £141,159 (Equivalent) Per Annum. When Fully Let the Property has an ERV of £144,000 Combined Per Annum.
Accommodation & Tenancy Schedule
|Property||Floor||Accommodation||Tenancy Details||Current Annual Rent|
|Shop||Ground||Commercial (Shop)||5 year lease commencing 03/01/17||£5,200|
|Shop||Ground||Commercial (Shop)||5 year lease commencing 01/10/18||£8,320|
|Flat 1||First||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (4 x AST & 2 x Short Let)||£35,079.20|
|Flat 2||First||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (3 x AST & 3 x Short Let)||£35,620|
|Flat 3||Second||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (6 x AST)||£33,540|
|Flat 4||Second||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||4 Tenancies & 2 Rooms Vacant (1 x AST & 3 x Short Let)||£23,400|
Additional Fees and Disclaimer
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
Enquire about Whiteheads Building, 26A Snow Hill, Wolverhampton, West Midlands, WV2 4AD
Sign-up for our newsletter
Get the latest lot details along with new blog posts, straight to your inbox